Question

Business Law

Question Completion Status: QUESTION 16 Real property may consist of any of the following B A Buildings B. Land. Plant Life. Livestock. DE. Fixtures. F Farm equipment such as tractors. QUESTION 17 Which of the following is NOT a right included with the issuance of a federal patent? Exclusive authority to license use of the patented process or object during the patent term. Exclusive authority to license manufacture of the patented object during the patent term. Right to prevent others from using or selling the patented process or design during the patent term Right to prevent the patented process or design from ever being used. QUESTION 18 Select the correct statements OA Movable goods can never become immovable fixtures. If an object is made or adapted especially for a property, it is probably a fixture. Manifestations of permanence are relevant to determining if an object is á fixture. □ D If an object is attached to property in such a way that removing the object would damage the property, the object is probably a fixture. QUESTION 19 A court may order that a copyright infringer do which of the following? A Pay damages, profits earned, and attorneys' fees to the author. B. Destroy the infringing material. CPublish a written apology @ D.Spend time in jail. @E. No to commit any further violations DF. Be banned from applying for copyrights in the future. QUESTION 20 Select from among the following the statements concerning wills, trusts, and estates that are true. QUESTION 20 Select from among the following the statements concerning wills, trusts, and estates that are true. O A Special bequests are among the provisions that may appear in a will. OB A codicilis a document that, ordinarily, amends particular provisions of a will, rather than the whole will. DC Generaly, a will must be in writing and must be witnessed by at least two disinterested persons D Codidis are not subject to the same formal requirements that apply to wills E A person making a will must be of legal age, that is, 18 years of age or older. F. It is wise to have a person named in the will serve as a witness to ensure that interested parties are on notice concerning the terms of the QUESTION 21 When a person dies intestate, that person's property is divided among his or her family by the court according to the probate laws of the state, regardless if the result would be contrary to the person's wishes. O True O False QUESTION 22 A debtor may continue to operate a business through a Chapter 7 bankruptcy proceeding True False

Answer 1

Answer :-

(16)

Real property means land and includes any property directly attached to it.

Hence, real property means buildings,land.

A and B.

(17)

Patent is an intellectual property rights that gives exclusive right to owner for a limited period but not ever life period.

(18)D,

Fixtures are fixed assets and are depreciated over it's useful life period.

Example :- Toilets, integrated lights etc.

(19) A,

patent infringement occurs when another party makes,uses, sells of patented products with out the permission of patent holder.

(20) C,

(21)A, intestate means person dies without making a will. Since, will is absent property shall be distributed according to the general rule.

(22) True.

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